North Dakota Corn Ratings CRASH - Can Losses Be Offset Elsewhere? Iowa??

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.🌽 Corn conditions slipped for a third straight week to 61% good-to-excellent, falling below the five-year average as hot, dry weather raised yield concerns. 📉 Dec26 futures rallied Monday, gaining ~9 cents to close near $4.73/bu on crop stress and a strong wheat rally.🌱 Soybean ratings held steady at 63% good-to-excellent, just above the five-year average, while futures pushed higher on crop concerns and fresh export demand. 🇨🇳 USDA confirmed flash sales of 488,000mt to China and 136,150mt to unknown destinations for 2026/2027 delivery, following reports of 14-16 cargoes purchased by Chinese buyers last week.🌾 Spring wheat conditions improved to 55% good-to-excellent, topping the five-year average, and winter wheat harvest reached 86% complete, right in line with normal pace. ⚔️ Wheat futures surged on continued Black Sea attacks and news that US-Iran peace talks were called off.🏡 US farmland values kept climbing in 2026, with average farm real estate up 3.4% to $4,500/acre and cropland hitting a record $6,020/acre. 📊 Growth has cooled from last year's pace, but Corn Belt land remains the priciest in the country at $8,590/acre on average.🚜 CNH expects the farm machinery market to rebound in 2027 as aging equipment from the profitable 2022-2023 years drives replacement demand. 📈 Shares jumped Monday after the company raised its full-year outlook on better-than-expected Q2 earnings.🚢 Corn export inspections hit an eight-week high at 1.9mmt, up 23% week-over-week and 45% year-over-year. 📦 Soybean and wheat inspections lagged behind last year's pace, with China absent from the week's soybean loadings.